Digital Asset Infrastructure Firm Metaco Raises $17 Million Series A

METACO, a provider of digital asset infrastructure for financial institutions, has raised $17 million in a Series A round. In a release, the Switzerland based Fintech said the round was oversubscribed, with demand over double the initial target. METACO said their captured continued support from existing investors combined with significant interest from new strategic partners … Read more

P2P Bitcoin Marketplace Paxful to Stay Focused on Supporting Financial Inclusion, Reports $4.6 Billion in Trade Volume after 5th Year of Service

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace Paxful, says it plans to promote greater financial inclusion across the globe. The P2P exchange confirmed on July 14, 2020 that it has surpassed $4.6 billion in trading volume and processed around 4.5 million digital wallet registrations. Paxful has completed its 5th year of service. … Read more

Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’

Sky Guo, founder of the Cypherium blockchain, predicts that central bank digital currency cross-border payments will happen “in the next couple years” or “even sooner”.  In an interview with Cointelegraph on July 13, Guo said that CBDC development among central banks makes it likely that certain countries in European Union, China and America, will take … Read more

European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States

British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets in the app and cash out instantly. … Read more

Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans

The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only $130 billion left for Americans looking for funds. The Banks Will … Read more

Research Suggests STOs Are Better at Financing Startups than ICOs

Faculty at the Rotterdam School of Management argue that STOs are better for financing startups than ICOs. Thomas Lambert, Daniel Liebau, and Peter Roosenboom from the Rotterdam School of Management suggest that Security Token Offerings are better at financing start-ups than Initial Coin Offerings. Their research was published on July 14 via the University of … Read more

Coconut Tops Crowdfunding Target, Closes Securities Offer at £2.45 Million

Coconut, an accounting and business finance app, has topped its offering target on Crowdcube.  Coconut originally sought £700,000 at a pre-money valuation of £12 million. In the end, Coconut closed the securities offer at £2,456,286 backed by 3037 individual investors. Coconut has raised growth capital… Read More The post Coconut Tops Crowdfunding Target, Closes Securities … Read more

Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8

The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin. In May 2017, news.Bitcoin.com reported on Fidelity integrating with Coinbase, mining bitcoin, and even accepting … Read more

We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

Understanding the impact of the COVID-19 pandemic on cryptocurrency and blockchain-based asset markets: negligible or significant? COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, … Read more